Scroll past the Nanosonics article to the section on MX1 (incorrectly described as a Brisbane company):
"Morgans this week raised its price target on another Power favourite, miniature X-ray manufacturer Micro-X (ASX:MX1). The Brisbane company on Thursday announced that revenue was up 189.6 per cent to $2.43 million, and declared a $4.8 million loss.“It was pretty much in line with expectations, but they’ve got quite a catalyst coming,” Power said. Most notable is an early stroke detection grant application that is due to be announced shortly.Micro-X is also well-funded following a $30.5 million capital raising at the start of the month, Power said.Aside from its Rover portable X-ray device, which has both hospital and military applications, Micro-X is working on an airport baggage scanner and a bomb-detecting robot. Mx1 shares finished the week down 2.6 per cent to 37.5c. Morgans rates Micro-X as a “speculative buy” and has raised its price target from 50c to 61c."
MX1 Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held
